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    TIT   IT0003497168

TELECOM ITALIA S.P.A.

(TIT)
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Telecom Italia Picks Advisors for KKR Offer

12/07/2021 | 02:08am EST

By Giulia Petroni

Telecom Italia SpA said late on Monday that it has picked financial and legal advisors to evaluate the takeover offer from U.S. private-equity group KKR & Co.

The Italian telecommunication company said that Goldman Sachs Group Inc. and LionTree LLC will be its financial advisors, while the law firm Gatti Pavesi Bianchi Ludovici has been appointed as legal advisor.

They were selected by a committee set up by the board of directors in order to carry out all preliminary activities in relation to KKR's bid.

The advisors will support Telecom Italia to evaluate and assess the offer, also assisting the board in analyzing the potential impacts of the transaction, among other aspects.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

12-07-21 0208ET

Stocks mentioned in the article
ChangeLast1st jan.
KKR & CO. INC. 0.30% 67.08 Delayed Quote.-9.96%
TELECOM ITALIA S.P.A. -1.23% 0.4187 Delayed Quote.-2.33%
THE GOLDMAN SACHS GROUP, INC. 0.22% 348.1 Delayed Quote.-9.01%
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Analyst Recommendations on TELECOM ITALIA S.P.A.
More recommendations
Financials
Sales 2021 15 585 M 17 675 M 17 675 M
Net income 2021 302 M 342 M 342 M
Net Debt 2021 20 617 M 23 382 M 23 382 M
P/E ratio 2021 35,4x
Yield 2021 2,42%
Capitalization 8 918 M 10 112 M 10 114 M
EV / Sales 2021 1,90x
EV / Sales 2022 1,92x
Nbr of Employees 52 177
Free-Float 75,6%
Chart TELECOM ITALIA S.P.A.
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Telecom Italia S.p.A. Technical Analysis Chart | TIT | IT0003497168 | MarketScreener
Technical analysis trends TELECOM ITALIA S.P.A.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Last Close Price 0,42 €
Average target price 0,44 €
Spread / Average Target 3,89%
EPS Revisions
Managers and Directors
Pietro Labriola General Manager
Giovanni Ronca Chief Financial Officer
Salvatore Rossi Chairman
Michele Gamberini Chief Technology & Information Officer
Stefano Siragusa Chief Revenue, Information & Media Office
Sector and Competitors